Bay Area CalPERS board member attitude “the last straw”

The state’s political watchdog panel fined public pension board member Priya Mathur $4,000 for not submitting a required statement of economic interests on time, and state Treasurer Bill Lockyer proposed that directors be barred from carrying out their official duties if they fail to file financial disclosure papers.

(Mathur is a principal financial analyst with BART. She has a Master’s from UC Berkeley’s Haas School of Business.)

Mathur, a two-term director of the California Public Employees’ Retirement System, missed the deadline on her 2008 statement by nine months — the third time she has been fined for not filing such documents.

Lockyer, who also sits on the 13-person CalPERS board, said Mathur’s lackadaisical attitude toward her reporting requirements “was really the last straw.”